Golf Galaxy Announces Follow-On Public Offering

EDEN PRAIRIE, Minn., May 3  /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. (NASDAQ:GGXY) today filed a registration statement with the Securities and Exchange Commission for an underwritten public offering of 3,130,000 shares of the company's common stock.  The offering will consist of 307,584 shares offered by the company and 2,822,416 shares offered by certain Golf Galaxy shareholders.  The company will not receive any portion of the proceeds of the sale by such selling shareholders.  It is expected that the underwriters will have an option to purchase up to an additional 469,500 shares of common stock from certain selling shareholders to cover over-allotments, if any.

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The company has selected Piper Jaffray as sole book-running manager and William Blair & Company as co-lead manager for the offering.  Wedbush Morgan Securities has also been selected as co-manager for the offering.  When available, a copy of the prospectus relating to the offering may be obtained from:

   Piper Jaffray & Co.               William Blair & Company
   Attn: Equity Capital Markets      Attn: Prospectus Department
   800 Nicollet Mall                 222 West Adams Street
   Minneapolis, MN 55402             Chicago, IL 60606
   Telephone: [phone]         Telephone: [phone]

   Wedbush Morgan Securities
   Attn: Underwriting Syndicate
   1000 Wilshire Boulevard
   10th Floor
   Los Angeles, CA 90017
   Telephone: [phone]




A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Golf Galaxy, Inc.

Golf Galaxy, Inc., based in Eden Prairie, Minn., owns and operates golf specialty retail stores.  The company currently operates 59 stores in 24 states and an ecommerce website.  The GolfWorks is a wholly owned subsidiary of Golf Galaxy that sells direct to consumers via a catalog and the Internet.

  Investors:
  Rick Nordvold
  Golf Galaxy, Inc.
  952-941-8848

  Investors and media:
  Susan Eich
  For Golf Galaxy, Inc.
  612-285-4188


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DATASOURCE: Golf Galaxy, Inc.



CONTACT:  Investors, Rick Nordvold of Golf Galaxy, Inc., [phone];

or Investors and media, Susan Eich for Golf Galaxy, Inc., [phone]



Web site:  http://www.golfgalaxy.com/ 

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